Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
ZELLY PERPETUAL CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address) 500 FIRST AVE P7-PFSC-03-Z
  Room/suite
City or town
PITTSBURGH
State or province
PA
Country  
ZIP or foreign postal code
15219
A Employer identification number

31-6257426
B Telephone number (see instructions)

4128075594
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$869,399J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 19,241 18,847  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 89,361
b Gross sales price for all assets on line 6a 504,557
7 Capital gain net income (from Part IV, line 2)... 89,361
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 108,602 108,208  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 906 725   181
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
991 182   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
200     200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,097 907 0 381
25 Contributions, gifts, grants paid....... 36,870 36,870
26 Total expenses and disbursements. Add lines 24 and 25 ................ 38,967 907 0 37,251
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 69,635
b Net investment income (if negative, enter -0-) 107,301
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 21,066 38,103 38,103
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 239,677 Click to see attachment
List of Attached Documents:
// Content
180,265 		444,550
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 272,225 Click to see attachment
List of Attached Documents:
// Content
384,279 		386,746
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 532,968 602,647 869,399
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 532,968 602,647
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 532,968 602,647
30 Total liabilities and net assets/fund balances (see instructions). 532,968 602,647
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
532,968
2
Enter amount from Part I, line 27a .....................
2
69,635
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
140
4
Add lines 1, 2, and 3 ..........................
4
602,743
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
96
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
602,647
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 16. MCDONALD'S CORP   2022-11-22 2025-03-25
b 36. PEPSICO INC   2023-09-06 2025-03-25
c 20. UNITEDHEALTH GROUP INC     2025-05-16
d 1. BROADCOM INC   2019-02-08 2025-07-10
e 14. BROADCOM INC   2019-02-08 2025-07-10
27. ILLINOIS TOOL WORKS INC     2025-07-10
11. PHILIP MORRIS INTERNAT-W/I     2025-07-10
6. QUANTA SVCS INC   2020-09-03 2025-07-10
251.572 AMG RR SM CAP VAL-I   2024-09-03 2025-08-21
3. ABBOTT LABORATORIES INC   2021-02-10 2025-08-21
2. ABBVIE INC   2020-02-12 2025-08-21
7. ALPHABET INC/CA-CL A     2025-08-21
6. AMAZON COM INC     2025-08-21
9. APPLE INC   2006-08-07 2025-08-21
3. ATMOS ENERGY CORP   2024-01-30 2025-08-21
1. AUTOZONE INC   2018-10-11 2025-08-21
502.874 BAIRD MIDCAP INST   2016-04-04 2025-08-21
13. BANK OF AMERICA CORP     2025-08-21
222.41 BARON SMALL CAP FUND   2004-11-08 2025-08-21
2. BLACKSTONE INC   2021-11-22 2025-08-21
5. BOSTON SCIENTIFIC CORP   2023-09-07 2025-08-21
4. BROADCOM INC   2019-02-08 2025-08-21
1. CADENCE DESIGN SYSTEMS INC   2023-06-02 2025-08-21
1. CASEYS GENERAL STORES INC   2025-03-26 2025-08-21
2. CHEVRON CORPORATION   2022-03-03 2025-08-21
2. CINTAS CORP     2025-08-21
1. COSTCO WHOLESALE CORP   2018-07-27 2025-08-21
2. DISNEY WALT CO   2024-04-01 2025-08-21
2. EASTMAN CHEM CO     2025-08-21
7. EXXON MOBIL CORP   2021-02-19 2025-08-21
1. META PLATFORMS INC   2023-10-03 2025-08-21
3. FOX CORP - CLASS A - W/I   2022-04-21 2025-08-21
2. HOME DEPOT INC   2021-08-26 2025-08-21
2. HONEYWELL INTL INC   2023-11-28 2025-08-21
1. HUBBELL INC   2024-02-29 2025-08-21
325. ISHARES MSCI EAFE ETF   2018-10-04 2025-08-21
1. JPMORGAN CHASE & CO   2005-04-20 2025-08-21
1. LAM RESEARCH CORP   2020-01-17 2025-08-21
1. ELI LILLY & CO   2018-07-13 2025-08-21
1. MARRIOTT INTERNATIONAL INC   2024-01-25 2025-08-21
2. MASTERCARD INC CL A   2021-11-22 2025-08-21
4. MERCK & CO INC   2019-10-10 2025-08-21
305.344 MERIDIAN SMALL CAP GROW-INSTL   2024-09-03 2025-08-21
6. MICROSOFT CORP     2025-08-21
4. MORGAN STANLEY   2020-01-27 2025-08-21
1. MOTOROLA SOLUTIONS INC   2019-12-04 2025-08-21
15. NVIDIA CORP   2025-07-10 2025-08-21
3. PHILIP MORRIS INTERNAT-W/I   2021-06-14 2025-08-21
3. PROCTER & GAMBLE CO     2025-08-21
1. QUANTA SVCS INC   2020-09-03 2025-08-21
2. RAYMOND JAMES FINANCIAL INC   2024-10-30 2025-08-21
2. RTX CORPORATION   2025-07-10 2025-08-21
1. S&P GLOBAL INC   2016-05-20 2025-08-21
1. SERVICE NOW INC   2023-06-02 2025-08-21
2. TJX COMPANIES INC NEW   2023-02-09 2025-08-21
2. TAIWAN SEMICONDUCTOR MTG CO   2020-12-09 2025-08-21
2. VISA INC   2021-05-25 2025-08-21
3. WEC ENERGY GROUP INC   2009-03-13 2025-08-21
249.534 ALLSPRING SPECIAL MID CAP VALUE   2016-05-12 2025-08-21
1. ACCENTURE PLC CLASS A   2019-05-10 2025-08-21
2. CHUBB LTD   2023-05-16 2025-08-21
1. ROYAL CARIBBEAN CRUISES LTD   2025-03-25 2025-08-21
1.191 BARON SMALL CAP FUND   2007-12-21 2025-08-22
8. ABBOTT LABORATORIES INC   2021-02-10 2025-08-26
4. ABBVIE INC   2020-02-12 2025-08-26
20. ALPHABET INC/CA-CL A     2025-08-26
17. AMAZON COM INC   2018-05-04 2025-08-26
22. APPLE INC   2006-08-07 2025-08-26
5. ATMOS ENERGY CORP     2025-08-26
26. BANK OF AMERICA CORP   2023-11-28 2025-08-26
826.967 BLACKROCK TOTAL RETURN-I   2024-08-26 2025-08-26
10000. BLACKROCK CORE BOND PORTFOLIO     2025-08-26
5. BLACKSTONE INC   2021-11-22 2025-08-26
1. BLACKROCK FUNDING INC/DE   2020-12-23 2025-08-26
9. BOSTON SCIENTIFIC CORP   2023-09-07 2025-08-26
11. BROADCOM INC   2019-02-08 2025-08-26
3. CADENCE DESIGN SYSTEMS INC   2023-03-14 2025-08-26
1. CASEYS GENERAL STORES INC   2025-03-26 2025-08-26
5. CHEVRON CORPORATION   2022-03-03 2025-08-26
5. CINTAS CORP   2019-04-30 2025-08-26
1. COSTCO WHOLESALE CORP   2018-07-27 2025-08-26
5. DISNEY WALT CO   2024-04-01 2025-08-26
472.029 DOUBLELINE TOTAL RETURN BOND   2023-09-11 2025-08-26
5. EASTMAN CHEM CO     2025-08-26
11. EXXON MOBIL CORP   2021-02-19 2025-08-26
5. META PLATFORMS INC   2023-10-03 2025-08-26
8. FOX CORP - CLASS A - W/I   2022-04-21 2025-08-26
2. GE VERNOVA LLC   2025-07-10 2025-08-26
3. HOME DEPOT INC     2025-08-26
4. HONEYWELL INTL INC     2025-08-26
1. HUBBELL INC   2024-02-29 2025-08-26
7. JPMORGAN CHASE & CO   2005-04-20 2025-08-26
10. LAM RESEARCH CORP     2025-08-26
2. ELI LILLY & CO   2018-07-13 2025-08-26
100.899 MFS EMERGING MKTS DEBT FD-R6   2024-08-26 2025-08-26
105.356 MFS EMERGING MKTS DEBT FD-R6   2023-09-11 2025-08-26
3. MARRIOTT INTERNATIONAL INC     2025-08-26
3. MASTERCARD INC CL A   2021-11-22 2025-08-26
1. MCKESSON CORPORATION   2025-05-16 2025-08-26
8. MERCK & CO INC   2019-10-10 2025-08-26
13. MICROSOFT CORP   2018-07-03 2025-08-26
7. MORGAN STANLEY   2020-01-27 2025-08-26
2. MOTOROLA SOLUTIONS INC   2019-12-04 2025-08-26
39. NVIDIA CORP     2025-08-26
6. PHILIP MORRIS INTERNAT-W/I   2021-06-14 2025-08-26
5. PROCTER & GAMBLE CO   2018-10-25 2025-08-26
382.374 PGIM HIGH YIELD FUND     2025-08-26
260.87 PGIM HIGH YIELD FUND   2023-09-11 2025-08-26
2. QUANTA SVCS INC   2020-09-03 2025-08-26
5. RAYMOND JAMES FINANCIAL INC   2024-10-30 2025-08-26
7. RTX CORPORATION   2025-07-10 2025-08-26
2. S&P GLOBAL INC   2016-05-20 2025-08-26
1. SERVICE NOW INC   2023-06-02 2025-08-26
2. SHERWIN-WILLIAMS CO   2024-11-06 2025-08-26
2. STRYKER CORP   2019-08-08 2025-08-26
7. TJX COMPANIES INC NEW   2023-02-09 2025-08-26
4. TAIWAN SEMICONDUCTOR MTG CO   2020-12-09 2025-08-26
1. TELEDYNE TECHNOLOGIES INC   2019-11-08 2025-08-26
1. TRANSDIGM GROUP INC   2024-10-30 2025-08-26
4. VISA INC     2025-08-26
4. WEC ENERGY GROUP INC   2009-03-13 2025-08-26
594.236 ALLSPRING CORE BOND FUND   2023-09-11 2025-08-26
2. ACCENTURE PLC CLASS A   2019-05-10 2025-08-26
2. NEW LINDE PLC   2024-09-23 2025-08-26
3. CHUBB LTD   2023-05-16 2025-08-26
4. ROYAL CARIBBEAN CRUISES LTD   2025-03-25 2025-08-26
5398.812 BLACKROCK CORE BOND PORTFOLIO     2025-08-29
1874.691 MFS EMERGING MKTS DEBT FD-R6   2018-10-04 2025-08-29
443.953 LONGLEAF PARTNERS FDS TR     2025-09-02
13. ACCENTURE PLC CLASS A     2025-09-19
30. EASTMAN CHEM CO     2025-10-01
261.766 PGIM JENN M/C GROW-R6     2025-10-02
207.381 BLACKROCK CORE BOND PORTFOLIO     2025-10-29
55. AVANTIS US LARGE CAP VALUE   2025-08-29 2025-10-30
795.937 SEAFARER OVERSEAS GROWTH &     2025-10-30
351.444 WCM FOCUSED INTL GROWTH-INS     2025-10-30
3. ISHARES CORE S&P 500   2025-08-29 2025-10-30
63. ISHARES RUSSELL MID-CAP   2025-10-02 2025-10-30
335. ISHARES MSCI INTL QUALITY     2025-10-30
30.853 OBERWEIS SMALL CAP OPPPRTUNITES   2025-08-29 2025-10-30
115. VANGUARD FTSE ALL WORLD EX-US   2025-09-02 2025-10-30
.25 SOLSTICE ADV MATERIALS INC   2023-10-16 2025-11-07
13. LAM RESEARCH CORP   2020-03-05 2025-11-13
6. SOLSTICE ADV MATERIALS INC   2023-10-16 2025-11-13
3. ABBOTT LABORATORIES INC   2021-02-10 2025-12-05
1. ABBVIE INC   2020-02-12 2025-12-05
7. ALPHABET INC/CA-CL A   2013-11-11 2025-12-05
7. AMAZON COM INC   2018-05-04 2025-12-05
8. APPLE INC   2006-08-07 2025-12-05
2. ATMOS ENERGY CORP     2025-12-05
9. BANK OF AMERICA CORP   2023-11-28 2025-12-05
2. BLACKSTONE INC   2021-11-22 2025-12-05
4. BOSTON SCIENTIFIC CORP   2023-09-07 2025-12-05
4. BROADCOM INC   2019-02-08 2025-12-05
2. CADENCE DESIGN SYSTEMS INC   2025-09-19 2025-12-05
1. CARPENTER TECHNOLOGY CORP   2025-10-01 2025-12-05
1. CASEYS GENERAL STORES INC   2025-03-26 2025-12-05
1. CHEVRON CORPORATION   2022-03-03 2025-12-05
2. CINTAS CORP   2019-04-30 2025-12-05
1. COSTCO WHOLESALE CORP   2018-07-27 2025-12-05
2. DISNEY WALT CO   2024-04-01 2025-12-05
4. EXXON MOBIL CORP   2021-02-19 2025-12-05
2. META PLATFORMS INC   2023-04-12 2025-12-05
3. FOX CORP - CLASS A - W/I   2022-04-21 2025-12-05
1. GE VERNOVA LLC   2025-07-10 2025-12-05
1. HOME DEPOT INC   2021-04-07 2025-12-05
2. HONEYWELL INTL INC   2023-10-16 2025-12-05
1. HUBBELL INC   2024-02-29 2025-12-05
3. JPMORGAN CHASE & CO   2005-04-20 2025-12-05
2. LAM RESEARCH CORP   2020-03-05 2025-12-05
1. ELI LILLY & CO   2018-07-13 2025-12-05
1. MARRIOTT INTERNATIONAL INC   2024-01-25 2025-12-05
1. MASTERCARD INC CL A   2021-11-22 2025-12-05
3. MERCK & CO INC   2019-10-10 2025-12-05
5. MICROSOFT CORP     2025-12-05
2. MORGAN STANLEY   2020-01-27 2025-12-05
1. MOTOROLA SOLUTIONS INC   2019-12-04 2025-12-05
15. NVIDIA CORP   2024-11-22 2025-12-05
3. PHILIP MORRIS INTERNAT-W/I   2021-06-14 2025-12-05
2. PROCTER & GAMBLE CO   2018-10-25 2025-12-05
1. QUANTA SVCS INC   2020-09-03 2025-12-05
2. RAYMOND JAMES FINANCIAL INC   2024-10-30 2025-12-05
2. RTX CORPORATION   2025-07-10 2025-12-05
1. S&P GLOBAL INC   2016-05-20 2025-12-05
1. SHERWIN-WILLIAMS CO   2024-11-06 2025-12-05
1. STRYKER CORP   2019-08-08 2025-12-05
2. TJX COMPANIES INC NEW   2023-02-09 2025-12-05
1. TAIWAN SEMICONDUCTOR MTG CO   2020-12-09 2025-12-05
1. TELEDYNE TECHNOLOGIES INC   2025-11-13 2025-12-05
1. VISA INC   2013-02-08 2025-12-05
2. WEC ENERGY GROUP INC   2009-03-13 2025-12-05
1. CHUBB LTD   2023-05-16 2025-12-05
1. ROYAL CARIBBEAN CRUISES LTD   2025-03-25 2025-12-05
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,905   4,392 513
b 5,249   6,286 -1,037
c 5,565   4,731 834
d 275   27 248
e 3,842   381 3,461
7,109   6,699 410
1,959   1,108 851
2,271   311 1,960
4,141   4,000 141
396   376 20
422   194 228
1,407   731 676
1,329   527 802
2,028   22 2,006
499   343 156
4,111   778 3,333
11,476   7,573 3,903
628   385 243
7,435   4,604 2,831
328   284 44
528   272 256
1,162   109 1,053
348   231 117
511   425 86
308   311 -3
434   108 326
981   220 761
233   243 -10
132   226 -94
761   366 395
741   303 438
177   118 59
800   645 155
434   388 46
429   380 49
29,875   21,749 8,126
292   35 257
99   31 68
715   90 625
263   243 20
1,176   654 522
347   321 26
3,951   4,000 -49
3,042   635 2,407
577   213 364
461   165 296
2,637   2,435 202
520   300 220
476   334 142
379   52 327
325   298 27
314   291 23
556   108 448
883   548 335
274   162 112
458   211 247
686   457 229
325   57 268
12,582   7,848 4,734
252   174 78
560   399 161
323   224 99
41   29 12
1,057   1,004 53
829   388 441
4,124   624 3,500
3,859   1,344 2,515
4,958   53 4,905
827   570 257
1,286   767 519
8,228   8,385 -157
83,300   93,831 -10,531
847   709 138
1,133   705 428
945   490 455
3,272   300 2,972
1,034   608 426
500   425 75
786   777 9
1,066   271 795
937   220 717
589   607 -18
4,196   4,055 141
342   561 -219
1,223   575 648
3,757   1,515 2,242
478   314 164
1,228   1,064 164
1,218   948 270
886   761 125
440   380 60
2,061   244 1,817
1,022   306 716
1,435   179 1,256
1,247   1,233 14
1,302   1,200 102
810   728 82
1,783   981 802
678   717 -39
683   641 42
6,540   1,296 5,244
1,030   372 658
917   331 586
7,013   5,842 1,171
994   599 395
781   445 336
1,870   1,854 16
1,276   1,200 76
762   104 658
829   745 84
1,110   1,019 91
1,099   217 882
873   548 325
733   758 -25
781   434 347
945   568 377
948   422 526
543   342 201
1,398   1,337 61
1,411   536 875
428   76 352
6,602   6,412 190
511   348 163
959   954 5
817   599 218
1,396   898 498
45,026   50,657 -5,631
23,209   26,000 -2,791
7,956   8,000 -44
3,104   2,242 862
1,856   3,296 -1,440
6,115   6,000 115
1,750   1,982 -232
4,014   3,952 62
11,660   11,000 660
9,591   9,289 302
2,063   1,952 111
6,052   6,090 -38
15,000   14,463 537
890   868 22
8,394   7,920 474
12   11 1
1,999   392 1,607
280   263 17
376   376  
226   97 129
2,249   177 2,072
1,607   553 1,054
2,226   19 2,207
342   228 114
487   266 221
305   278 27
391   218 173
1,550   109 1,441
673   735 -62
306   250 56
565   425 140
151   155 -4
370   108 262
899   220 679
210   243 -33
471   209 262
1,347   431 916
206   118 88
624   532 92
352   313 39
383   351 32
437   380 57
948   105 843
319   60 259
1,010   90 920
294   243 51
547   327 220
299   240 59
2,401   498 1,903
353   106 247
370   165 205
2,729   2,191 538
444   300 144
289   178 111
458   52 406
327   298 29
338   291 47
499   108 391
335   379 -44
365   217 148
303   162 141
296   105 191
519   516 3
333   39 294
212   38 174
292   200 92
259   224 35
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
      1,619
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       513
b       -1,037
c       834
d       248
e       3,461
      410
      851
      1,960
      141
      20
      228
      676
      802
      2,006
      156
      3,333
      3,903
      243
      2,831
      44
      256
      1,053
      117
      86
      -3
      326
      761
      -10
      -94
      395
      438
      59
      155
      46
      49
      8,126
      257
      68
      625
      20
      522
      26
      -49
      2,407
      364
      296
      202
      220
      142
      327
      27
      23
      448
      335
      112
      247
      229
      268
      4,734
      78
      161
      99
      12
      53
      441
      3,500
      2,515
      4,905
      257
      519
      -157
      -10,531
      138
      428
      455
      2,972
      426
      75
      9
      795
      717
      -18
      141
      -219
      648
      2,242
      164
      164
      270
      125
      60
      1,817
      716
      1,256
      14
      102
      82
      802
      -39
      42
      5,244
      658
      586
      1,171
      395
      336
      16
      76
      658
      84
      91
      882
      325
      -25
      347
      377
      526
      201
      61
      875
      352
      190
      163
      5
      218
      498
      -5,631
      -2,791
      -44
      862
      -1,440
      115
      -232
      62
      660
      302
      111
      -38
      537
      22
      474
      1
      1,607
      17
       
      129
      2,072
      1,054
      2,207
      114
      221
      27
      173
      1,441
      -62
      56
      140
      -4
      262
      679
      -33
      262
      916
      88
      92
      39
      32
      57
      843
      259
      920
      51
      220
      59
      1,903
      247
      205
      538
      144
      111
      406
      29
      47
      391
      -44
      148
      141
      191
      3
      294
      174
      92
      35
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 89,361
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 1,491
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,491
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,491
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 723
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 723
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 768
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
OH
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressN/A
14
The books are in care ofPNC BANK NA Telephone no. (412) 807-5594

Located at500 FIRST AVE P7-PFSC-03-ZPITTSBURGHPA ZIP+415219
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
PNC BANK N A TRUSTEE
1 		906    
500 FIRST AVE P7-PFSC-03-Z
PITTSBURGH,PA15219
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
808,484
b
Average of monthly cash balances.......................
1b
23,684
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
832,168
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
832,168
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
12,483
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
819,685
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
40,984
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
40,984
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
1,491
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,491
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
39,493
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
39,493
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
39,493
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
37,251
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
37,251
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 39,493
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 36,871
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 0
b From 2021...... 0
c From 2022...... 0
d From 2023...... 0
e From 2024...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 37,251
a Applied to 2024, but not more than line 2a 36,871
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 380
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		39,113
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 0
e Excess from 2025 .... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

EATON HIGH SCHOOL BAND

6010 HILLCREST DRIVE
EATON,OH45320 		NONE   GENERAL SUPPORT 12,290

EATON VOLUNTEER FIRE DEPARTMENT

328 N MAPLE STREET
EATON,OH45320 		NONE   GENERAL SUPPORT 12,290

EATON EMERGENCY SQUAD

P O BOX 27
EATON,OH45320 		NONE   GENERAL SUPPORT 12,290
Total ................................. 3a 36,870
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 19,241  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 89,361  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   108,602  
13Total. Add line 12, columns (b), (d), and (e)..................
13
108,602
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 ExplnOfNonFilingWithAGStmt
Name:
ZELLY PERPETUAL CHARITABLE TRUST
EIN:
31-6257426
Statement:
The Ohio Attorney General requires that charitable organizations operating or organized within the State submit an annual registration through an online portal that highlights key information from the Form 990-PF for public disclosure purposes. The Trust completes this registration as required in lieu of furnishing a copy of its Form 990-PF to comply with the specific reporting instructions of the State of Ohio.

TY 2025 InvestmentsCorpStockSchedule
Name:
ZELLY PERPETUAL CHARITABLE TRUST
EIN:
31-6257426
Name of Stock End of Year Book Value End of Year Fair Market Value
172908105 CINTAS CORP 1,504 5,266
437076102 HOME DEPOT INC 1,273 5,850
532457108 ELI LILLY & CO 983 11,821
594918104 MICROSOFT CORP 2,997 33,370
617446448 MORGAN STANLEY 1,914 6,391
620076307 MOTOROLA SOLUTIONS I 1,489 3,450
742718109 PROCTER & GAMBLE CO 2,217 3,583
863667101 STRYKER CORP 1,953 3,163
874039100 TAIWAN SEMICONDUCTOR 1,918 5,774
879360105 TELEDYNE TECHNOLOGIE 3,603 4,597
74762E102 QUANTA SVCS INC 621 5,065
00287Y109 ABBVIE INC 1,753 4,798
02079K305 ALPHABET INC/CA-CL A 1,300 33,804
11135F101 BROADCOM INC 1,552 19,728
22160K105 COSTCO WHOLESALE COR 1,538 6,036
30303M102 META PLATFORMS INC 3,488 17,822
46625H100 JPMORGAN CHASE & CO 1,259 11,922
58933Y105 MERCK & CO INC 3,486 4,631
78409V104 S&P GLOBAL INC 974 4,703
91324P102 UNITEDHEALTH GROUP I    
92826C839 VISA INC 788 7,014
92939U106 WEC ENERGY GROUP INC 435 2,426
G1151C101 ACCENTURE PLC CLASS    
002824100 ABBOTT LABORATORIES 4,879 5,137
023135106 AMAZON COM INC 6,720 21,005
037833100 APPLE INC 278 31,264
053332102 AUTOZONE INC 778 3,392
060505104 BANK OF AMERICA CORP 3,927 7,590
09260D107 BLACKSTONE INC 3,814 4,162
30231G102 EXXON MOBIL CORP 3,034 6,980
57636Q104 MASTERCARD INC CL A 4,577 7,992
718172109 PHILIP MORRIS INTERN 3,695 5,935
166764100 CHEVRON CORPORATION 3,263 3,201
35137L105 FOX CORP - CLASS A - 1,595 2,996
580135101 MCDONALD'S CORP    
101137107 BOSTON SCIENTIFIC CO 2,746 4,863
127387108 CADENCE DESIGN SYSTE 3,978 5,626
438516106 HONEYWELL INTL INC 4,032 4,487
452308109 ILLINOIS TOOL WORKS    
713448108 PEPSICO INC    
81762P102 SERVICE NOW INC 4,662 5,362
872540109 TJX COMPANIES INC NE 2,759 5,223
H1467J104 CHUBB LTD 3,395 5,306
049560105 ATMOS ENERGY CORP 3,289 4,861
09290D101 BLACKROCK FUNDING IN 2,926 5,352
254687106 DISNEY WALT CO 3,392 3,186
277432100 EASTMAN CHEM CO    
443510607 HUBBELL INC 3,800 4,441
512807306 LAM RESEARCH CORP 1,327 7,532
571903202 MARRIOTT INTERNATION 3,153 4,033
67066G104 NVIDIA CORP 28,275 39,538
754730109 RAYMOND JAMES FINANC 3,721 4,015
824348106 SHERWIN-WILLIAMS CO 3,791 3,240
893641100 TRANSDIGM GROUP INC 4,008 3,990
G54950103 NEW LINDE PLC 3,817 3,411
144285103 CARPENTER TECHNOLOGY 2,250 2,834
147528103 CASEYS GENERAL STORE 3,795 4,974
36828A101 GE VERNOVA LLC 4,256 5,229
58155Q103 MCKESSON CORPORATION 4,302 4,922
75513E101 RTX CORPORATION 4,947 6,236
V7780T103 ROYAL CARIBBEAN CRUI 4,039 5,021

TY 2025 InvestmentsOtherSchedule2
Name:
ZELLY PERPETUAL CHARITABLE TRUST
EIN:
31-6257426
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
464287465 ISHARES MSCI EAFE ET      
552746364 MFS EMERGING MKTS DE      
09260B309 BLACKROCK CORE BOND      
057071813 BAIRD MIDCAP INST      
068278803 BARON SMALL CAP FUND      
94987W513 ALLSPRING SPECIAL MI      
464287457 ISHARES 1 TO 3 YEAR AT COST 10,087 10,353
256210105 DODGE & COX INCOME F AT COST 73,002 73,862
258620566 DOUBLELINE TOTAL RET      
46429B267 ISHARES U S TREASURY AT COST 45,145 45,405
74440Y884 PGIM HIGH YIELD FUND      
94987W794 ALLSPRING CORE BOND      
00171A852 AMG RR SM CAP VAL-I      
09252M883 BLACKROCK TOTAL RETU      
589619824 MERIDIAN SMALL CAP G      
00769G535 LSV SMALL CAP FUND-I AT COST 5,631 5,390
00770X675 PZENA EMERG MKTS VAL AT COST 9,537 9,988
025072349 AVANTIS US LARGE CAP AT COST 6,827 7,198
02631W607 AMER FND MULTI-SEC I AT COST 36,705 36,678
092528603 ISHARES FLEXIBLE INC AT COST 24,471 24,327
25434V807 DIMENSIONAL INTERNAT AT COST 15,738 17,116
37954Y632 GLOBAL X ART INTEL & AT COST 19,120 18,360
46138E800 INVESCO CHINA TECHNO AT COST 9,361 8,528
461418444 WCM FOCUSED INTL GRO AT COST 7,711 7,276
464287200 ISHARES CORE S&P 500 AT COST 9,111 9,589
46435G326 ISHARES CORE MSCI DE AT COST 15,516 16,249
52107V229 LAZARD INTL QLTY GRW AT COST 8,010 7,562
674375878 OBERWEIS SMALL CAP O AT COST 5,132 5,636
74440B884 PRUDENTIAL TOTAL RET AT COST 61,184 61,639
74441C881 PGIM JENN M/C GROW-R AT COST 6,268 5,571
89154M702 TOUCHSTONE SANDS EM AT COST 9,423 9,755
89155H389 TOUCHSTONE MIDCAP VA AT COST 6,300 6,264

TY 2025 OtherDecreasesSchedule
Name:
ZELLY PERPETUAL CHARITABLE TRUST
EIN:
31-6257426
Description Amount
ROC ON CY SALES 16
PY RETURN OF CAPITAL ADJUSTMENT 69
ROUNDING 11


TY 2025 OtherExpensesSchedule
Name:
ZELLY PERPETUAL CHARITABLE TRUST
EIN:
31-6257426
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING FEES 200 0   200
INVESTMENT EXPENSES-DIVIDEND I   0   0


TY 2025 OtherIncreasesSchedule
Name:
ZELLY PERPETUAL CHARITABLE TRUST
EIN:
31-6257426
Description Amount
MUTUAL FUND TIMING ADJ 140


TY 2025 TaxesSchedule
Name:
ZELLY PERPETUAL CHARITABLE TRUST
EIN:
31-6257426
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 127 127   0
FEDERAL TAX PAYMENT - PRIOR YE 86 0   0
FEDERAL ESTIMATES - PRINCIPAL 723 0   0
FOREIGN TAXES ON NONQUALIFIED 55 55   0